Daily pinbar is traded

5 June, 2015

EUR/USD

Daily chart: So, it seems that yesterday the price started to pefrom according to O&U. We shall sale from the area 50% of pinbar (1.1290)

Í4: here bulls have a potential to respond: a good Inside Bar from the middle Bollinger band can break both pin and O&U. Fight is coming. Nevertheless, only when thr price moves above the yesterday's High (1.1379), we can consider North as the direction.

Í1: In its turn, we have god a bearish movement here: a pullback to the middle band whereas ADX is against. So, we shall be based on Southern expectations.

The daily chart: the pair turns to be in flat within the envelope Bollinger, however, here is a loss of support from the middle band (123.21), we see a dive to the bottom envelope in the direction of the bottom line (121.36)...

Daily chart: the middle Bollinger band (1.1026) has been reached and, in contrast to descending envelopes and passive ADX, we can expect decline to the bottom band (1.0784) prior to a new upward dash...

Yesterday the pair has confirmed its correctional potential. The nearest strong resistance - the middle Bollinger band (1.1047), from where Euro can go to 1.0825, accumulating a probable demand within the frames of O&U pattern. From this area, it can move even upper to 1.1280 and 1.1380...

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